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Recurring Deposit

Recurring Deposit (RD) scheme, investors invest a specific amount in this scheme on weekly/fortnightly/monthly basis for a fixed rate of return. The deposit has a fixed tenure, at the end of which investor will get principle sum as well as the interest earned during that period. Recurring Deposit will provide you the element of compulsion to save at attractive rate of interest applicable from time to time. The minimum amount of RD is Rs. 100/- and multiplication of Rs.100/-

 

Tenure & Rates of Recurring Deposit Account:

·      12 Month                      9.50%

·      24 Month                      10.00%

·      36 Month                      10.50%

·      48 Month                      11.00%

·      60 Month                      11.50%

·      72 Months                    12.00%

 

Deposit Limit:

·      Minimum amount 100/ - and in multiples of Rs. 100/-

 

·      Maximum: No Limit